Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. … Read more
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, the parent company of Shaw’s, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed an administrative complaint against the companies Monday, which will be considered by an administrative … Read more
Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval was the last hurdle for the deal after the Competition Bureau approved it in September. The minister’s approval comes with conditions on RBC, including that … Read more
